11

particular object of the call; and if at any such called meet-
ings, a majority (in value) of the stockholders of said com-
pany are not present in person, or by proxy, such meetings
shall be adjourned from day to day, without transacting any
business, for any time not exceeding three days, and if within
said three days, stockholders having a majority (in value) of
the stock subscribed, do not thus attend, such meeting shall
be dissolved.

Sec. 8. And be it enacted, That at the regular annual meet-
ings of the Stockholders of said Company, it shall be the
duty of the President and Directors in office for the preceding
year, to exhibit a clear and distinct statement of the affairs of
the Company; that at any called meetings of the Stockholders,
a majority of those present may require similar statements
from the President and Directors, whose duty it shall be to
furnish them when thus required; and at all general meetings
of the Stockholders, a majority (in value) of all the Stockhold-
ers in said Company, may remove from office any President
or any of the Directors of said Company, and may appoint
others in their stead.

Sec. 9. And be it enacted, That every President and Direc-
tor of said Company before he acts as such, shall swear or
affirm, as the case may be, that he will well and truly dis-
charge the duties of his said office to the best of his skill and
judgment.

Sec. 10. And be it enacted, That the President and Direc-
tors, or a majority of them, may appoint all such officers,
engineers, agents or servants whatsoever, as they may deem
necessary for the transaction of the business of the Company,
and may remove any of them at their pleasure, that they or
a majority of them shall have power to determine by contract
the compensation of all the engineers, officers, agents or ser-
vants in the employ of the Company, and to determine by
their by-laws, the manner of adjusting and settling all accounts
against the Company, and also the manner and evidence of
transfers of stock in said Company; and that they, or a majori-
ty of them, shall have power to pass all by-laws which they
may deem necessary or proper for exercising all the powers
vested in the Company hereby incorporated, and for carrying
the objects of this act into effect; Provided only, that such
by-laws shall not be contrary to the laws of the United States,
the laws of any of the States assenting to this act, or any of
the provisions of this act.

Sec. 11. And be it enacted, That if the capital stock of said
Company shall be deemed insufficient for the purposes of this
act, it shall and may be lawful for the President and Direc-
tors of said Company, or a majority of them, from time to
time, to increase the said capital stock by the addition of as
many shares as they may deem necessary, for which they may
at their option, cause subscriptions to be received in the man-